COIN - Coinbase Customers Claim Illegal Securities Sales File Class Action Lawsuit | Benzinga
Six Coinbase (NASDAQ:COIN) customers have initiated a class action lawsuit against the cryptocurrency exchange, accusing it of operating illegally by selling what they claim are unregistered securities.
What Happened: Filed in the Northern District of California, the complaint names Coinbase Global, Inc., along with several subsidiaries, and CEO Brian Armstrong as defendants.
Benzinga has reached out to Coinbase for a comment.
The plaintiffs, identified as Gerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi, and Brett Maggard, allege ...